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F-Trader , Good questions , however , I can't answer these in a general way in this forum. If you do file for bankruptcy, you probably should let your firm(prop firm) , know about it , since it should be reported to your SRO. Remember, as a prop trader, you are trading the firms capital...

Many SRO's(Self Regulatory Organozations) anf trading firms will not accept traders for a period of time after a bankruptcy filing. I believe it is seven years at our SRO, the PHLX. Please check with a qualified legal advisor , before filing for bankruptcy , especially if you are in the...

LWS did not post the original referal comment. The NASD and SRO's do not allow advertisers to advertise under assumed or hidden names. LWS, Bright, ECHO and all legitamate firms disclose who they are in all posts and advertisements . I do not know who started the post. The post was removed...

Lieber & Weissman Sec., LLC is always looking for trading groups & professional traders, as are other firms. Usually referal fees or commissions can only be paid to a Series 7 licensed individual. If anyone is interested in trading with us or our NASD affilate, E-Brokerage, LLC www.ebrk.com ...

LLC's offer tax advantages over other entity's and LLC's laws vary from state to state. For example, I might be able to have a a single member LLC in one state, but a single member LLC may not be valid in another state. LLC's offer members the liability protection of a Corp. and offers certain...

We have approx. 100 traders(sometimes more ,sometimes less) and generally they are not in chat rooms. Many of our traders are remote and our biggest in house office is in Berwyn , Pa. We do a good chunk of the oil driller volume(OSX) on the NYSE (RIG ,SLB )etc. Most of our traders are busy...

JQP, I have not had any positiion monitor problems as of late and all direct access software will have problems once in a while . Shoot me an e-mail and I will see if I can help you resolve problems or send you in the right direction. I have a lot more postions(at my firm) than you do and...

Bryan, Is that Sterling FOREX ? Just curious. JOP, Adressing REDI+ position monitor problems-the problems are most likely a position server at SLK(REDI+). Have your rep. call the REDI desk. JOP-for tradestaions , I would recommend these specs. as a minimum requirement for REDI+...

I will say this about some of the day trading rules & regs.-even some regulators can get confused and any rule can be subject to interpretation. Keep it simple, don't day trade in a cash account. Gene Weissman Lieber &...

CarlErikson , Carl, thanks for the comment. I stand corrected and I don't claim to be an expert on every rule. My last post as follows is correct according to my interpretation of the rule: In a cash account you do not get "time & tick" regardless of settlement date . If I have...

def, Our compliance dept. disagrees with IB's interpretation . In a cash account you do not get "time & tick" regardless of settlement date . If I have $10,000 in equity and I Buy $10,000 worth of Stock & then Sell $10,000 worth of stock(cash account) I am done for the day and I cannot...

Ken at DTU , this is an interesting topic and some of the rules are confusing. Keep up the good work at DTU. I learn alot on these posts myself. The day trading rules & regs. can be confusing & subject to interpretation. CarlErikson-Even if stocks settled in one day, as far as I know, you...

CarlErikson, You cannot Buy $10,000 & Selll $10,000 worth of stock if you only have $10,000 in a cash account. Remember, you get no margin. With $10,000 you can only Buy $5,000 and Sell $5,000 worth of stock and you are done for the day. You do not get "time & sales".If I did buy and...

CarlErikson, Carl....you got it right.You are done for the day if you have $10,000 in a cash account and you Buy $5000 worth of stock & Sell $5,000 worth of stock. I don't make the rules...I follow them. Gene Weissman Lieber...

max401 , Good observation. no comment. Gene Weissman Lieber & Weissman Sec., LLC gweissman@stocktrade.net

Just a note. If you have a cash account (no margin), assume $10.000 equity. You can buy $5000 worth of stock and Sell $5000 worth of stock , the same day. You do not get "time & sales" in a cash account. In other words, after I Buy and Sell a total amount of $10,000 worth of stock in the above...

DaytraderDave, If been using REDI+ since it came out and I've used REAL Tick , ROX and other platforms. The Freezing you talk abou can be from several sources. You don't have to mention it here(send me a private message), but who do you trade with? It soounds like you need someone to...

Limitdown, Recommendations on a minimum configuration should start at 1Ghz using a minimum 200Mhz+ Bus speed, along with a minimum 384MB, preferrably 512MB or larger, so that the application can "possibly" operate in memory. Fat clients, are what huge software applications are called...

If REDI+ is still slow, some possible problems may include the Bandwidth of your connection. Depending on how many traders at your location, you may need xtra bandwidth. REDI+ severs could be overloaded, so I would suggest your group is but on another server and have problems diagnosed by techs...

Just a note. Most of the time REDI+ freezing up is a local problem due to information "overload" (too many windows open with not enough RAM etc). I would suggest this configuration as a minimum for REDI+ IBM AT Compatible PC 500 MHZ CPU with 256 Megs of Ram -operating system-Windows 2000 Pro...